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SATURDAY, 25 MAY 2013
06:11 AM Beirut time
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ECB's Draghi urges speedy banking union 
By Juergen Baetz | April 16, 2013 10:50 PM
European Central Bank President Mario Draghi urged the 17 countries that use the euro to move swiftly toward completing a full banking union to stabilize the bloc's financial sector.
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ECB ‘ready to act’ to help ailing economy 
April 05, 2013 12:36 AM
Draghi opened the door Thursday to an interest rate cut as soon as next month, saying his bank stood “ready to act” to boost the recession-hit eurozone economy.
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Draghi lectures eurozone leaders about labour costs 
By Luke Baker | March 15, 2013 02:55 PM (Last Updated: 15/03/2013 02:56 PM)
European Central Bank President Mario Draghi gives EU leaders a crash course in macroeconomics, emphasizing his concerns about low productivity and high labour costs hurting the euro zone's prospects, officials say.
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Draghi confident of gradual recovery as ECB cuts forecasts 
By Matthew Brockett, Jeff Black | March 08, 2013 01:06 AM
Draghi stuck to his view that the euro region would gradually recover later this year even as officials trimmed their economic forecasts and considered cutting interest rates.
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Draghi: Do more to promote jobs, growth 
By David McHugh | March 07, 2013 10:14 PM
European Central Bank President Mario Draghi is urging indebted governments to move beyond spending cuts and tax hikes and introduce reforms that would boost growth and reduce the "tragedy" of unemployment.
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European stocks rise for ninth straight month 
By Corinne Gretler | March 01, 2013 01:39 AM
European stocks climbed, with the benchmark index rising for a ninth straight month, as European Central Bank President Mario Draghi and Federal Reserve Chairman Ben S. Bernanke signaled they would maintain monetary support.
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Draghi says euro exchange rate important for growth 
February 19, 2013 12:38 AM
The euro’s exchange rate is not a policy target for the European Central Bank but it does pose a “downside risk” to inflation that the ECB will have to assess.
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Stocks, euro slump on Draghi risk comments 
By Wanfeng Zhou | February 08, 2013 01:18 AM
Major stock markets fell Thursday and the euro hit a near two-week low against the dollar after the European Central Bank’s chief said policymakers will monitor the impact of a rising currency and cited downside risks to the bloc’s economy.
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Draghi says eurozone not past turning point yet 
By David McHugh | January 10, 2013 05:10 PM
European Central Bank President Draghi says the eurozone economy has shown signs of stabilizing but remains short of a turning point and will only return to gradual growth later this year.
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Draghi: Leave ‘fairy world’ behind 
By Daniel Flynn, Leigh Thomas | December 01, 2012 01:03 AM
The eurozone’s crisis is far from over and its members must tighten budgets and forge a banking union to leave behind the “fairy world” that allowed problems to grow.
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Draghi open to ECB rate cut, done helping Greece 
By Eva Kuehnen | November 09, 2012 12:41 AM
The eurozone economy shows little sign of recovering before the year-end despite easing financial market conditions, European Central Bank President Mario Draghi said Thursday.
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ECB cuts interest rates, open to further action 
By Michael Shields | May 03, 2013 12:59 AM
The European Central Bank cut interest rates for the first time in 10 months Thursday and held out the possibility of further policy action to support the recession-hit eurozone economy.
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ECB president leaves rate-cut door ajar 
By Matthew Brockett | December 07, 2012 12:33 AM
The European Central Bank cut its growth and inflation forecasts and President Mario Draghi said the euro area won’t start to shake off its slump until the second half of 2013.
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To advance economic policy, adopting a persuasive narrative is key 
By Kemal Dervis | April 29, 2013 01:00 AM
The best advice I received when taking up policymaking responsibilities in Turkey more than a decade ago was to take “a lot of time and care to develop and communicate the ‘narrative’ to support the policy program that you want to succeed.”
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Jay-Z, Kate Middleton, China first lady on Time's most influential list 
April 19, 2013 11:26 AM
Rapper Jay-Z, Pakistan teenager Mulala Yousufzai, Oscar-winning actress Jennifer Lawrence and SpaceX founder Elon Musk were on Thursday named among Time magazine's most influential people in the world.
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Europe auto sales heading for 20-year low 
By Tommaso Ebhardt, Scott Hamilton | April 18, 2013 12:56 AM
European car sales are sliding to a 20-year low after German concerns over the debt crisis sent demand plunging last month in the region’s biggest economy and removed the main buffer protecting automakers.
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Cyprus central bank chief calls for its independence to be respected 
April 14, 2013 12:04 PM
Cyprus's central bank governor says he is willing to work with the government to pull the island out of its economic crisis, provided the bank's independence is respected.
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Spain bailout less likely as funding costs drop 
April 10, 2013 01:12 AM
Spain is less likely to need a sovereign bailout now than it was in October as funding costs have fallen since then, Moody’s Investors Service said.
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Financial hub Luxembourg under increased scrutiny 
By Juergen Baetz | April 07, 2013 11:40 AM
With just half a million people living on a tiny patch of lush land nestled between Belgium, France and Germany, Luxembourg is as tranquil as a buzzing financial center gets. Still, some of Europe's regulators and politicians have started wondering aloud whether its banks might be holding the 17-nation eurozone's next ticking bomb.
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Germany sees itself as Europe’s grown-up, children sullen 
By Paul Taylor | April 02, 2013 12:29 AM
‘Sticking with austerity would condemn Europe … to an explosion’
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